Neiro Ethereum Price Prediction: Will NEIRO Coin Reach $1?

Bittime - Neiro Ethereum ($NEIRO) is attracting attention from many parties. The reason is, in the two weeks since its launch, the value of $NEIRO has skyrocketed by more than 10 million percent. So, what is the price prediction for Neiro Ethereum ($NEIRO)? Read more!

NEIRO's Spectacular Price Increase

Launched as an Ethereum-based project, $NEIRO managed to catch the attention of the crypto community with a spectacular price increase. However, as with many other meme coins, high volatility characterizes its price movement.

Based on data from CoinGecko, $NEIRO reached an all-time high of $0.2986 (Rp. 4,688) last week. Unfortunately, this momentum did not last long. 

In the last few days, the price of $NEIRO experienced a sharp decline of up to 40%, leaving many investors who entered late to experience significant losses.

Currently, $NEIRO is trading at around $0.2168 (around Rp. 3,405), after breaking through the important support level at $0.200 (Rp. 3,140). Technical analysts predict the decline may continue until the next support level at $0.1475 (Rp 2,315), which means a potential additional decline of 20% from the current price.

However, it's not all bad news for $NEIRO. The increasing trading volume amidst falling prices shows that interest is still high in this coin. 

Neiro Ethereum Price Prediction

Some analysts are optimistic that $0.1475 will be a turning point for $NEIRO, although in a worst-case scenario, the price could fall as low as $0.1150 (around Rp. 1,805).

Fundamental factors also need to be considered in predicting the future of $NEIRO. With around 17,500 token holders and only 7,000 followers on platform

However, the crypto market is notorious for its unpredictability. Although $NEIRO's short-term outlook looks bearish, there are many examples of meme coins that have bounced back after experiencing sharp declines. 

Investors need to be careful and conduct in-depth research before deciding to invest in a high-risk asset like $NEIRO.

According to data from DeFi Llama, Total Value Locked (TVL) in the Ethereum-based DeFi ecosystem reached $39 billion (Rp. 612.3 trillion) as of August 2024, indicating that interest in Ethereum-based projects is still high. 

This could be a supporting factor for $NEIRO in the long term, provided the development team can provide added value and clear use cases for the community.

In closing, it is important to remember that investing in the crypto market, especially meme coins, carries high risks. Investors are advised to only use funds they can afford to lose and always carry out due diligence before investing.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.